Treasury’s Inversion Crackdown Will Sting Investment Bankers

Goldman Sachs, Morgan Stanley and J.P. Morgan Chase are the top advisers on corporate inversions

By

John Carney

Apr 6, 2016 10:18 am ET

Treasury’s tough new rules on corporate inversions are unwelcome news for beleaguered investment bankers. The decision by to cancel its $150 billion merger with PLC means that investment bankers who worked on the deal will lose out on hundreds of millions of dollars of fees. Late last year, research firm Freeman & Co. estimated those fees would amount […]